Media: Offshore lenders prepared to boycott banks
Bondholders in offshore carriers such as Havila Shipping, which was rescued from bankruptcy in the nick of time last week, are so resentful of the banks' role in the debt game that they are considering boycotting the banks entirely. This could hit the already hard-pressed offshore carrier sector.
Last week, Bergen carrier Havila secured a rescue package for the company, whose debt is as high as NOK 5.6 billion (USD 670 million).
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